Item 1.01 Entry into a Material Definitive Agreement

As of January 18, 2023, Inception Mining, Inc. (the "Company") entered into a Settlement Agreement (the "Settlement Agreement") with Antilles Family Office, LLC (the "Investor"), pursuant to which the Company and the Investor agreed to settle claims asserted between them related to that certain Senior Secured Redeemable Convertible Note ("Note") executed on May 20, 2019 and related matters (the "Litigation").

In exchange for the payment of $1,200,000 paid by the Company to the Investor (the "Settlement Payment"), the Company and the Investor agreed to settle and discharge all matters between the parties and all claims related to the Litigation and the Note. The Settlement Payment was delivered on January 20, 2023.

On January 20, 2023, the parties submitted a stipulated dismissal of the Litigation to the United States District Court for the District of Delaware.

The foregoing description of the terms of the Settlement Agreement is subject to, and qualified in its entirety by, the terms of the Settlement Agreement, which is attached hereto as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No.   Description

10.1            Settlement Agreement by and between Inception Mining, Inc., and
              Antilles Family Office, LLC
104           Cover Page Interactive Data File (embedded within Inline XBRL
              document)

© Edgar Online, source Glimpses